Climate Change Data

Angostura Holdings Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Water Consumption:82,684 m3/year (WRRAD Facility)

ESG Focus Areas

  • Sustainability
  • Corporate Governance
  • Employee Well-being
  • Community Engagement
  • Environmental Stewardship

Environmental Achievements

  • Prioritised projects to improve water and energy use (impact expected in 2024)
  • Water Resource Recovery and Anaerobic Digester (WRRAD) Facility efficiently treated 82,684 cubic meters of waste.
  • Successfully maintained compliance to its international certifications, including FSSC 22000, ISO/IEC 17025:2017, ISO 9001:2015, and ISO 14001:2015.
  • Launched Symphony 2023 Limited Edition Rum with FSC-certified packaging.

Social Achievements

  • Received Coreen Jones Award for Best Place to Work and Maxine Barnett Award for HR Excellence from HRMATT.
  • Organised initiatives aimed at fostering a vibrant work culture, enhancing employee well-being, and celebrating collective achievements (e.g., Annual Calypso Competition, mental health workshops, meditation series, long-service awards, JAVA Experience).
  • Annual International Coastal Cleanup.
  • Supported the artistic talents in our nation’s schools through “The Art In Us” competition.
  • Collaborated with NGOs on several projects and initiatives (e.g., Loveuntil Foundation, Blue Phoenix Mentorship Services, Families in Action).

Governance Achievements

  • Maintained a gender-diverse Board (60% women).
  • Established the Angostura Foundation (commencing operations in 2024).

Climate Goals & Targets

Short-term Goals:
  • Exploring the use of biogas and solar power as alternative energy sources

Environmental Challenges

  • Shifts in consumer discretionary spending
  • Contraction of operations in the on-trade
  • International inflationary pressures
  • Uncertainty in the global economic environment
  • Increased competition in the value-driven segment
  • Greater price sensitivity
  • Fire incident at the Laventille facility
Mitigation Strategies
  • Strategy to recapture consumer demand by investing in the on-trade and retail outlets
  • Improved operational efficiency within manufacturing processes
  • Continued investment in brand development
  • Market expansion locally and internationally
  • Entering new markets in Latin America and the Caribbean
  • Building premium rum presence in key European markets
  • Prompt and coordinated response to the fire incident, safeguarding personnel and assets.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Sustainable Development Goals

Certifications: ISO 14001:2015, FSSC 22000 Version 5.1, ISO/IEC 17025:2017, ISO 9001:2015

UN Sustainable Development Goals

  • Goal 6: Clean Water and Sanitation
  • Goal 7: Affordable and Clean Energy
  • Goal 12: Responsible Consumption and Production
  • Goal 13: Climate Action

Angostura aligns its environmental practices with the UN Sustainable Development Goals.

Sustainable Products & Innovation

  • Symphony 2023 Limited Edition Rum with FSC-certified packaging

Awards & Recognition

  • AMCHAM’s 13th Annual National Excellence in HSE Awards 2023 (Most Improved OSH/Environment Performance)